Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

needed help with micro questions please :)))) View Assessment X ) Homework Help - Q&A from Onl X + V X A learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 GQE W

needed help with micro questions please :))))

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
View Assessment X ) Homework Help - Q&A from Onl X + V X A learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 GQE W X Details & Information 10 OF 10 QUESTIONS REMAINING Test Content Assessment due date 3/19/23, 11:59 PM (EDT) Question 1 Point Attempts Figure 4-5 attempt left (a) (b) Price Price Grading S 883 Maximum points 10 points P.' Pe P.' - - X Qe Quantity Quantity (c) (d) Price . S' Price S Pe Pe + P." Qe Quantity Qe Quantity Questions Filter (10) Save and Close Submit Q Search CO ENG 10:21 AM UK 3/19/2023 1View Assessment X Homework Help - Q&A from Onl X + V X A learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 3 X 10 OF 10 QUESTIONS REMAINING Maximum points 10 points Qe Qe' Quantity C Q6' Qe Quantity ( c ) Price P P.' XiX Qe Quantity Quantity Refer to the Figure 4-5. Which of the four graphs represents the market for toboggans in August? A graph C B graph B C graph D D graph A Questions Filter (10) Save and Close Submit Q Search CH ENG 10:21 AM UK 3/19/2023 1View Assessment X Homework Help - Q&A from Onl X + V X learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 X 9 OF 10 QUESTIONS REMAINING Question 2 1 Point Table 3-6 Labour hours needed Amount produced in to make 1 unit: 40 hours: Cheese Bread Cheese Bread Denmark 30 120 54 18 Italy 40 160 60 15 Refer to Table 3-6. What is the opportunity cost of one unit of bread in Denmark? A 1 cheese B 1/2 cheese C 4 cheeses D 2 cheeses Question 3 1 Point Last saved 10:21:58 AM Save and Close Submit Questions Filter (10) Q Search ENG 10:21 AM UK 3/19/2023 1View Assessment X Homework Help - Q&A from Onl X + V X A learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 X 9 OF 10 QUESTIONS REMAINING Question 3 1 Point Table 3-6 Labour hours needed Amount produced in to make 1 unit: 40 hours: Cheese Bread Cheese Bread Denmark 30 120 54 18 Italy 40 160 60 15 Refer to Table 3-6. If Denmark and Italy trade based on the principle of comparative advantage, which country will export or import each product? A Denmark will export bread, and Italy will export bread. B Denmark will export bread, and Italy will export cheese. C Denmark will export cheese, and Italy will export bread. D Denmark will export cheese, and Italy will export cheese. Last saved 10:21:58 AM Save and Close Submit Questions Filter (10) Q Search ENG 10:22 AM UK 3/19/2023 1a View Assessment X L Homework Help - Q&A from Or X I + V C71 X (- C' i learn.humber.ca/ultra/coumes/1207391grades/assessment/J59817787i/overview/attempt/728629156j?courseid:,22073971 S Q l9 '1? I l] o 5 90F10QUESTIONS REMAINING Question 4 Which of the following would be most likely to increase the price ofa new house? lower wages for carpenters, lower wood prices, decreases in consumer incomes, lower apartment rents, decreases in population, and expectations of lower house prices in the future lower wages for carpenters, lower wood prices, increases in consumer incomes, higher apartment rents, increases in 0 population, and expectations of higher house prices in the future higher wages for carpenters, higher wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future lower wages for carpenters, higher wood prices, decreases in consumer incomes, higher apartment rents, decreases in @969 population, and expectations of higher house prices in the future Suppose a gardener produces both green beans and corn in her garden. Ifthe opportunity cost of one bushel ofcorn is 3/5 bushel A. ' . d _ , @ ENG A 10:22AM 6 II QSearch v L _ I c " W [9:17 3/19/2023a View Assessment X C Homework Help - Q&A from Onl X + V X learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 9 OF 10 QUESTIONS REMAINING Question 5 1 Point Suppose a gardener produces both green beans and corn in her garden. If the opportunity cost of one bushel of corn is 3/5 bushel of green beans, what is the opportunity cost of 1 bushel of green beans? A) 5/2 bushels of corn B 5/3 bushels of corn C 3/5 bushel of corn D 8/5 bushels of corn Question 6 1 Point What is the relationship between price and quantity supplied? A the same as the relationship between price and quantity demanded B nonexistent C positive, or direct D negative, or inverse Last saved 10:21:58 AM Q Search ENG 10:22 AM UK 3/19/2023 1E VIew Assessment X C Homework Help - QSLA from OI' X I + e C' i learnhumber.ca/ultra/courses/,220739,1/grades/assessment/,1 5981778,1/overvIeW/attempt/,286291 56,1?courseld3220739j 9 OF 10 QUESTIONS REMAINING Question 7 Table 3-6 Labour hours needed Amount produced In to make '1 unit: 40 hours: Cheese Bread Cheese Bread Denmark 30 120 54 18 Italy 40 160 60 15 Refer To Table 376. WhIch country has an absolute advantage in each product? Denmark has an absolute advantage in both goods, and Italy has an absolute advantage in neither good. Denmark has an absolute advantage in neither good. and Italy has an absolute advantage in both goods. Denmark has an absolute advantage in cheese. and Italy has an absolute advantage in bread. Denmark has an absolute advantage in bread, and Italy has an absolute advantage in cheese. Question 8 Last saved 10:21:58 AM E: Q Search U 10122 AM 3/ 19/ 2023 View Assessment X . Homework Help - Q&A from Onl X + V X C A learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 9 OF 10 QUESTIONS REMAINING Question 8 1 Point What does comparative advantage reflect? A productivity B relative opportunity cost C equity D terms of trade advantage Question 9 1 Point Figure 4-5 Price PA XX Last saved 10:21:58 AM Q Search ENG 10:22 AM UK 3/19/2023 1View Assessment X Homework Help - Q&A from Onl X + V X learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 9 OF 10 QUESTIONS REMAINING Question 9 1 Point Figure 4-5 (b) Price Price Pe X P. P.' Qe Qe' Quantity Qe' le Quantity (c) Price Price P Pe Qe Qe' Quantity Qe Quantity Last saved 10:21:58 AM Q Search ENG 10:22 AM UK 3/19/2023 1View Assessment X * Homework Help - Q&A from Onl X + V X A learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 Qe Qe (c) (d) Price Price Pe P.' Qe Quantity Qe Quantity Refer to the Figure 4-5. Which of the four graphs represents the market for strawberries after new technology is introduced that helps speed up the harvesting time? A graph B B graph c C graph D D graph A Question 10 1 Point Last saved 10:21:58 AM Save and Close Submit Questions Filter (10) Q Search ENG 10:22 AM UK 3/19/2023 1View Assessment X ( Homework Help - Q&A from Onl X + V X learn.humber.ca/ultra/courses/_220739_1/grades/assessment/_15981778_1/overview/attempt/_28629156_1?courseld=_220739_1 Question 10 1 Point Table 3-1 Labour hours needed Kilograms produced to make 1 kilogram: in 36 hours: Meat Potatoes Meat Potatoes Farmer 9 3 4 12 Rancher 3 4 12 9 Refer to Table 3-1. What is the opportunity cost of 1 kg of potatoes for the farmer? A 9 hours of labour B 1/3 kg of meat C 3 hours of labour D 3kg of meat Additional content Last saved 10:21:58 AM Save and Close Submit Questions Filter (10) Q Search ENG 10:22 AM UK 3/19/2023 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research In Forest Economics And Forest Policy

Authors: Marion Clawson

1st Edition

1317362624, 9781317362623

More Books

Students also viewed these Economics questions

Question

What percentage of your students publishes before they graduate?

Answered: 1 week ago

Question

3. What values would you say are your core values?

Answered: 1 week ago